Slowing growth in the U.S. and Europe, along with the sovereign debt crisis in the Eurozone, have been dragging down copper and other growth sensitive commodities, reports Matt Day for The Wall Street Journal.
Citigroup reduced its copper-price forecasts to an average of $4.13 a pound this year before dropping to $3.80 a pound in 2012.
iPath Dow Jones-UBS Copper Subindex Total Return ETN
For more information on copper, visit our copper category.
Max Chen contributed to this article.